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How could generative AI transform our economy? Part 2: Future developments and policy responses - NZIER Insight 120

Written by The NZIER Team | December 11, 2024

Generative AI is set to have profound effects on the global economy. But what does it mean for New Zealand?

This paper considers potential future developments and policy responses. It is important to prepare for a range of possible futures while working to address the costs of disruption in the present. We argue that it is time to start preparing a range of policies that could be used to encourage the adoption of AI and manage its impacts, and present a starter for 10, specific policies that could be considered

This paper is the second in a two-part series that explores the potential economic impacts of this powerful new technology. The first paper,  discussed economic theories and emerging evidence.